How about a one-of-a-kind baby gift that the child will LOVE?
I made one for my daughter when she was 2 years old. Think the real attraction was that it was almost the same height as she was. She took her "Fluffy" everywhere! She would use the fleece body as a mini blanket to cover herself if her legs were chilly. She loves sleeping with Fluffy because she can hug it and wrap her arms loving around her. As a matter of fact, she still sleeps with Fluffy to this day (and she is now 9)!
Cost: $50; includes U.S.P.S. shipping to 48 states